NGX All-Share Index extends loses to 0.69% – Coronation Securities Limited
Today, the domestic bourse extended losses from the previous session, bringing the All-Share Index down by 0.69% to close at 49,644.92 points, the lowest since 30 August. The extended rout in the market was primarily driven by selloffs in telco heavyweight, AIRTELAFRI (-1.96%). Consequently, the ASI’s year-to-date (YTD) return fell to 16.22%, while the market capitalization shed ₦186.89bn to close at ₦26.78trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 88.50%. A total of 139.0m shares valued at ₦2.73bn were exchanged in 4,247 deals. For the second consecutive session, STERLNBANK (+5.48%) led the volume charts with 18.3m units traded while MTNN (+0.00%) led the value charts in deals worth ₦656.89m.
Market breadth closed negative at a 1.64-to-1 ratio with declining issues outnumbering advancing ones. NPFMCRFBK (-7.83%) topped seventeen (17) others on the laggard’s table, while UNILEVER (+9.43%) led ten (10) others on the leader’s log. Find below key highlights of market activities.
